KISS
The One: Price Action and Reaction
- #1,982
- Edited 2:20am Sep 6, 2018 1:58am | Edited 2:20am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,983
- Sep 6, 2018 2:01am Sep 6, 2018 2:01am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,984
- Sep 6, 2018 2:02am Sep 6, 2018 2:02am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,985
- Sep 6, 2018 7:34am Sep 6, 2018 7:34am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} Your modified schiff is interesting. I would like to know your thoughts as to what you think price will do NOW on that fork, and how will you trade it?
- #1,986
- Sep 6, 2018 8:14am Sep 6, 2018 8:14am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
This is another example of one-line trading. The blue line skirts the bottom of two relatively sized reactive swings. Up-trending reactive swings occur when a new high confirms a low. The blue line represents an agenda of organized buyers. Price broke through the blue line to the down side and now represents a change in behavior or CIB. The break occurred with a qualifying pivot. Price attempted to retest the back of the blue line but so far it has failed. This is a Hagopian. Now price is swinging to the downside and testing buyers. Buyers may hold here and reverse or sellers may continue control and overcome these sellers. In addition buyers may take control and then lose it near the area where price broke below the blue line. We'll see what happens.
- #1,987
- Sep 6, 2018 10:18am Sep 6, 2018 10:18am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,988
- Sep 6, 2018 11:01am Sep 6, 2018 11:01am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,989
- Sep 6, 2018 2:03pm Sep 6, 2018 2:03pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} I removed the blue down fork and replaced it with a "one-line" that skirts the last 2 relative reactive swings. Price has broke above the blue "one-line" signaling a change in behavior or CIB. Price deeply tested the backside of the "one-line" and is now swinging to the upside. The "qualifying" pivots reveal the market turns and are critically important in my trading. Price moved up decisively with a huge WRB gap. I would be interested in buying in the area of this gap. NFP is tomorrow so we'll see. As usual I tend to sit on the side-lines...
- #1,990
- Edited 8:25am Sep 7, 2018 2:19am | Edited 8:25am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,991
- Sep 7, 2018 6:57am Sep 7, 2018 6:57am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} A qualifying pivot occurred near the upper ML. My pending sell got triggered at 1.3600. Targeting the origin of the WRB gap. {image}
- #1,992
- Sep 7, 2018 8:20am Sep 7, 2018 8:20am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,993
- Sep 7, 2018 8:26am Sep 7, 2018 8:26am
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
{quote} New blue down fork. Light gray arrows show bullish effort reversed to downside while zooming the ML of the red fork. NFP coming up so anything can happen. {image}
- #1,994
- Sep 7, 2018 9:35am Sep 7, 2018 9:35am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
{quote} Target! {image}
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,995
- Sep 7, 2018 11:28am Sep 7, 2018 11:28am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #1,996
- Sep 7, 2018 3:54pm Sep 7, 2018 3:54pm
- Joined Mar 2009 | Status: Hobby Trader | 4,477 Posts
A little end-of-week review. But first thanks to Eaglestar for getting his thread moving again! Good stuff here!
1. Median lines are all about swings. Often swings occur in relatively same-sized swings and being able to identify this is helpful.
2. The beginning of this fork occurred with a series of relative swings and then expanded down as show. A single line passing beneath the swings (the middle median line here) would show this.
3. As price expanded below the one line a median line develops when price comes back to the median line. As one can see price expanded about the same size as the swings above the line. This isn't always the case but it's nice when it does. Eaglestar's chart in previous post with AR lines shows this very well.
4. Expansions often occur with WRB gaps or similar PA. They often herald a potential pivot and thus a potential change in price direction. Going back on my previous posts in the last few days I noted these.
5. I delineated a rather large pivot (in context of this time frame) on this chart with yellow lines.
6. Pivots are good indicators of potential change in price direction and retesting of these areas often provides opportunity.
7. The pivots I speak of are not mathematical calculation but rather completely based in PA.
1. Median lines are all about swings. Often swings occur in relatively same-sized swings and being able to identify this is helpful.
2. The beginning of this fork occurred with a series of relative swings and then expanded down as show. A single line passing beneath the swings (the middle median line here) would show this.
3. As price expanded below the one line a median line develops when price comes back to the median line. As one can see price expanded about the same size as the swings above the line. This isn't always the case but it's nice when it does. Eaglestar's chart in previous post with AR lines shows this very well.
4. Expansions often occur with WRB gaps or similar PA. They often herald a potential pivot and thus a potential change in price direction. Going back on my previous posts in the last few days I noted these.
5. I delineated a rather large pivot (in context of this time frame) on this chart with yellow lines.
6. Pivots are good indicators of potential change in price direction and retesting of these areas often provides opportunity.
7. The pivots I speak of are not mathematical calculation but rather completely based in PA.
- #1,997
- Sep 8, 2018 3:29pm Sep 8, 2018 3:29pm
- Joined Jan 2009 | Status: Trader | 1,617 Posts
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
- #2,000
- Sep 9, 2018 6:54pm Sep 9, 2018 6:54pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
Follow-up (added horizontal line) {image}
Thanks for your contribution
The things that we love tell us what we are Thanks Redsword11 and Tim Morge